UPI Processes 22.35B April Transactions, 29.03 Lakh Crore Rupees; YoY +25%

According to NPCI data, April UPI transactions reached 22.35 billion units totaling 29.03 lakh crore rupees, representing 25% and 21% YoY growth respectively. Daily average volume reached 745 million, up from 730 million in March. UPI accounts for 85% of India's digital payments market.